Week In Review

From IPOs to CEO Woes…

Facebook Goes Public

Can you feel the “Like”?  Facebook went public today!  Trading as “FB” on the Nasdaq, their much anticipated offering is set to be the biggest tech IPO – ever.

An Invitation He Can’t Refuse

We don’t know whether JP Morgan Chase CEO Jamie Dimon owns any FB shares, but we do know one thing he is getting:  an invitation to testify in front of the Senate Banking Commission about his firm’s massive $2 Billion trading loss last month.

Yahoo CEO Out

Yahoo confirmed that they have fired CEO Scott Thompson after news broke that he padded his resume with a college degree he didn’t actually earn.  Unclear just how many professionals are out there quietly editing their resumes after hearing about Thompson’s demise…

Greece Is The Word (Again)

Talk is mounting about the possibility of Greece leaving the Eurozone.  While you may not be totally up to speed on the Greek economy, understand this …what happens in Greece does NOT stay in Greece!  A Greek departure from the Euro would likely have huge global implications, which is why it pays (literally) to keep informed of economies other than our own.

How was your week?

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One Response to “Week In Review”

  1. louie says:

    You may love Face Book, but don’t fall in love with the stock until the dust settles. This is not the “Race Track” and you don’t have to place your bet before the horses pull out of the gate. I’d wait on this one until the buying frenzy stops and the true value settles in. The market has a way of doing this for you, if you’re patient. Don’t forget the dot.com bubble.
    As for Greece and the E.U., all bets are off. Pull back here and wait to see what happens. If nothing else, Greece might be a great place to vacation, as your dollars will go a long way there now.
    As for JP Morgan and Mr. Diamond, don’t hold your breath for anything crazy here. This is a political football now, diverting attention away from the real political issues and a new way for our Gov’t to impose more regs on the banking industry to garner control. if the market system does work, the stock pricing should reflect this blunder and inflict enough punishment to JPM to avoid things like this happening again. We don’t need big brothers heavy hand, which will further tighten the current monetary system. Let the market dictate affirmation or punishment. JPM’s stock holders are smart enough to figure this one out and vote accordingly.

Any Thoughts?